Duke Energy Co. (NYSE:DUK) Shares Purchased by CVA Family Office LLC

CVA Family Office LLC lifted its position in Duke Energy Co. (NYSE:DUK) by 3.0% in the first quarter, Holdings Channel reports. The firm owned 5,184 shares of the utilities provider’s stock after acquiring an additional 149 shares during the period. CVA Family Office LLC’s holdings in Duke Energy were worth $632,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in shares of Duke Energy by 1.1% in the 4th quarter. Vanguard Group Inc. now owns 72,885,939 shares of the utilities provider’s stock valued at $7,852,731,000 after purchasing an additional 779,054 shares during the period. Massachusetts Financial Services Co. MA boosted its position in shares of Duke Energy by 0.7% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 18,097,796 shares of the utilities provider’s stock valued at $1,949,857,000 after purchasing an additional 124,863 shares during the period. Geode Capital Management LLC boosted its position in shares of Duke Energy by 2.2% in the 4th quarter. Geode Capital Management LLC now owns 17,873,788 shares of the utilities provider’s stock valued at $1,930,833,000 after purchasing an additional 385,612 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of Duke Energy by 1.6% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 8,562,545 shares of the utilities provider’s stock valued at $922,529,000 after purchasing an additional 135,665 shares during the period. Finally, Royal Bank of Canada boosted its position in shares of Duke Energy by 4.4% in the 4th quarter. Royal Bank of Canada now owns 8,503,503 shares of the utilities provider’s stock valued at $916,168,000 after purchasing an additional 357,967 shares during the period. 65.31% of the stock is owned by institutional investors and hedge funds.

Duke Energy Stock Performance

NYSE DUK opened at $116.75 on Friday. Duke Energy Co. has a 1-year low of $99.21 and a 1-year high of $125.27. The company has a market capitalization of $90.75 billion, a P/E ratio of 20.45, a PEG ratio of 2.79 and a beta of 0.37. The business has a 50 day moving average price of $118.15 and a 200 day moving average price of $114.95. The company has a debt-to-equity ratio of 1.52, a current ratio of 0.67 and a quick ratio of 0.44.

Duke Energy (NYSE:DUK) last released its quarterly earnings data on Tuesday, May 6th. The utilities provider reported $1.76 earnings per share for the quarter, beating the consensus estimate of $1.59 by $0.17. Duke Energy had a return on equity of 9.50% and a net margin of 14.90%. The firm had revenue of $8.25 billion during the quarter, compared to the consensus estimate of $7.70 billion. During the same period last year, the business posted $1.44 EPS. Duke Energy’s quarterly revenue was up 7.5% on a year-over-year basis. Sell-side analysts expect that Duke Energy Co. will post 6.33 EPS for the current fiscal year.

Duke Energy Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 16th. Shareholders of record on Friday, May 16th will be issued a dividend of $1.045 per share. This represents a $4.18 dividend on an annualized basis and a yield of 3.58%. The ex-dividend date of this dividend is Friday, May 16th. Duke Energy’s dividend payout ratio (DPR) is presently 69.32%.

Wall Street Analysts Forecast Growth

Several research firms have commented on DUK. Morgan Stanley reduced their price objective on Duke Energy from $126.00 to $125.00 and set an “equal weight” rating for the company in a research note on Thursday, May 22nd. Raymond James began coverage on Duke Energy in a research note on Friday. They set a “market perform” rating for the company. JPMorgan Chase & Co. upped their price objective on Duke Energy from $114.00 to $121.00 and gave the company a “neutral” rating in a research note on Tuesday, March 11th. Jefferies Financial Group upped their price objective on Duke Energy from $129.00 to $132.00 and gave the company a “buy” rating in a research note on Friday, February 21st. Finally, Citigroup upped their price objective on Duke Energy from $130.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, May 7th. Eight equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Duke Energy currently has an average rating of “Moderate Buy” and a consensus target price of $125.81.

Duke Energy Company Profile

Duke Energy Corporation, together with its subsidiaries, operates as an energy company in the United States. It operates through two segments: Electric Utilities and Infrastructure (EU&I), and Gas Utilities and Infrastructure (GU&I). The EU&I segment generates, transmits, distributes, and sells electricity in the Carolinas, Florida, and the Midwest.